I recently published three very controversial articles here—warning readers about the growing backlash against AI. I called special attention to the vulnerability of Meta’s stock.
I took a lot of heat for this straight talk. But let’s look at what actually happened in the aftermath.
Since August 8—when I published “Is This What a Bubble Looks Like at the Top?”—Meta’s stock has collapsed. It’s down a staggering $180 per share. And the decline has accelerated since October 30, when I published “The Bubble Just Burst.”
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During that same period the NASDAQ is down a stunning 1,400 points.
That raises the obvious question: What happens next?